MP accuses Austrian government of Madoff cover up An Austrian MP has filed a series of Parliamentary questions to make public allegations that senior banking officials and others in the Alpine Republic had actively worked with Bernie Madoff to create his global Pyramid scheme.

Rosenbauer reports better results for 2010

Upper Austrian fire-fighting equipment producer Rosenbauer reported today (Weds) that its turnover had increased by 10 per cent year on year in 2010 to a record 595.7 million Euros.

Earnings before interest and taxes (Ebit) were up by six per cent year on year to 46.2 million Euros, and net profit increased by 127 per cent year on year to 40 million Euros.

The firm said its board of directors and supervisory board would recommend to shareholders attending their annual meeting to approve a dividend of 1.2 Euros a share, which would be about 3.2 per cent based on a share price of 37.5 Euros.

Rosenbauer said it expected its orders and exports to increase in 2011 during a period of "consolidation of results during the past two years."